2024-04-19 11:40:00 ET
Summary
- Mayar Capital provides investment management services to institutions, family offices, and high net-worth individuals.
- For the three months ending March 31, 2024, the Mayar Responsible Global Equity Fund (Class A) was up 4.31% net of all expenses and fees, while the MSCI World Index increased by 8.88% in the same period.
- We prioritize a cautious approach and demand a Margin of Safety - it's not because we're not ambitious; it's because we're realists and self-aware.
Our Performance
For the three months ending March 31, 2024, the Mayar Responsible Global Equity Fund (Class A) was up 4.31% net of all expenses and fees, while the MSCI World Index increased by 8.88% in the same period. Since its inception in May 2011, the Fund has seen a 211.99% increase versus a 226.71% increase for the MSCI World. This corresponds to a 9.21% annualized rate of return for the Fund, compared to 9.60% for the MSCI World.
“ Shall I tell you what knowledge is ? It is to know both what one knows and what one does not know .” - Confucius
General Commentary
I've always been fiercely competitive. As a kid, I loved playing games, but hated losing. So, I learned early on that success came from playing games where the odds were in my favor (my competitive streak runs deep!). This lesson stuck....
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For further details see:
Mayar Capital Q1 2024 Letter To Partners